State to face Rs 4,000 cr shortfall

Special taxes to mobilise additional revenue: CM

 
Speaking to media persons here on Saturday, Chief Minister has hinted that instead of populist programmes, budget this year will contain special taxes to mobilise additional revenue for development works.

Chief Minister reiterated that economic recession was major factor which lead to dip in revenue collection. A combination of factors like revenue deficit, diversion of huge amount of resources for relief and re-construction works in flood affected North Karnataka and Centre’s failure to provide ample funds for re-construction works warrants imposing special taxes in the coming budget. Chief Minister clarified that the taxes will not be a burden on the common people.

Yeddyurappa said that he is still open minded on waiving off the agriculture loans but the depletion in revenue mobilisation will not permit the same. Central Government should take initiative in this regard and Prime Minister should initiate a nation-wide debate on loan waiver scheme. Both Centre and States should jointly evolve a mechanism to support farmers by waiving off the loans, providing easy access to credit facilities at friendly interest rate and fix scientific support price for agriculture produce, he remarked.

He ruled out the possibility of a separate budget for agriculture which was Raitha Sangha’s demand. Separate budgets for agriculture and industry are not presented anywhere, he said.

On the disturbance in the Assembly during election for Speaker’s post, he termed the incident as unfortunate. Such incidents are not good for democracy and there is every possibility that grama panchayat members also follow the precedence set forth by legislators.

He said that he will not interfere in the probe over the incident. Yeddyurappa said that new President for State BJP will be elected on January 15 or 16.

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